Posts Tagged ‘Great Recession’

History, who has not heard me harp about that! Well let’s look at history, I did the research for you, and unlike your politicians, I am not a prevaricator!

The Great Depression (1929 to 1939) was caused by huge wealth and income inequality in our country. Combined with extensive new tariffs being imposed. Who was at the helm when this occurred, you ask? Herbert Hoover, a Republican was! Who dug us out of the largest most destructive depression in history? Well WWII put it on hold as jobs were available for the war effort, so some people say that was what ended the depression. However for that to be true we would have had to stay in a state of world war perpetually! Plus it was illusory as the war put us in extreme debt, which as you know causes its own problems. Same reason our debt is so large now, we have been at war 222 years out of 239 years since we have existed. This means we have only been at peace with the world for 20% of our history! So no, not the war! Roosevelt started the New Deal, but it was put on hold during the war, and Roosevelt passed away before his new proposals for post-war America got enacted!, He was responsible for new ideas and a successful template! Harry Truman was actually responsible for continuing the New Deal, implementing the Marshall Plan, NATO, and using United Nations veto more than any President to fight communism and the Soviet Union! He did continue Roosevelt’s ideas and kept the Great Depression at bay, and more infamously was one of the world’s leaders instrumental in starting the Cold War. So the Great Depression started by a Republican was left for two Democrats to fix! Wealth and income inequality, new tariffs imposed, sound familiar? How about exactly what Trump is doing right now!

The Great Recession (2007 to 2009) was started by banks gambling with investor’s money and going for the quick profit! That meant making dangerous and very risky investments and loans! Big business and Wall Street were concentrating on big bonuses and profits, risking their customer’s money, and not caring! Who was at the helm during this disaster, yet another Republican, George W. Bush! Who got us out of this disaster, regardless of what you have been told, it was President Obama, and he did it without any help whatsoever from Republicans. Did it cost us, you bet! Were the steps President Obama took necessary, yes they were! It was the biggest economic disaster since the Great Depression, in full swing when Obama took office and gone before he left office. You can hyperventilate all you want, but this is history, and will be recorded as such, no matter what you wish to be true! You will notice that the recession was in full swing when Obama took office, and if you look at when the recession ended, it was in Obama’s first year as President. And the economy, jobs, and unemployment all steadily got better during his Presidency, regardless of what the Liar in Chief or his minions told you! It is all in the public record, plain and simple, all you have to do is learn to read and not watch, well, you know!

So if you go back up and look at what I just said caused the Great Depression, it appears Trump has decided to create exactly the conditions that caused it, of course blaming everyone and everything around him as he leads us into either the next Great Depression or a nuclear war. Something to look forward to! If you look at real history, the record of the U.S. economy, every time we have a depression or major recession Republicans are almost always in charge. There is always huge wealth and income inequality, a suffering middle class or no middle class, and the debt rockets into the stratosphere. Republicans always campaign for a balanced budget, then get in office and run the debt up by enormous leaps and bounds. Has always been thus, lie, then give huge tax breaks or loopholes to the rich, make laws that only favor the already rich and Wall Street, and you get a recession, every damn time. History, it is all there; all you have to do is crack open a book or two and start reading. Not some book by some crackpot, I am talking about the dull, painstaking business of reading documents, looking at the debt and deficit and see who actually ran it up and why! You always have to look at why. Was it war, tax cuts, trade, and what dates, not what some lying politician told you! History, it does not lie, people just lie about it!